Page 28: of Maritime Reporter Magazine (April 1971)

3 floating drydocks • to 18,000 tons 30 Maritime Reporter/Engineering News 449 Sheridan Boulevard. Inwood. New York 11696 (212) 327-3430

Cable address: MAMCAF INWOODNASSAUCONY TELEX: 12-6577 MAMCAF bid for higher rates in the Puerto

Rico service, "We anticipate a better return in both trades," he said. "There is already a modest improve- ment in our average revenue per con- tainer in the North Atlantic since the end of the second quarter."

Mr. Pack said a number of other factors promised substantial improve- ments in operations beginning during the fourth quarter of the current fiscal year. Seatrain is scheduled then to have in service the first of four new high - speed turbine containerships which will improve efficiency in the

North Atlantic run. In a move to accelerate improved efficiency in the containership segment, the company is also considering a move to charter several additional new vessels for the

European service. This would permit transferring a number of more effi- cient vessels presently in that trade to the Puerto Rico service, the trans- fer of an additional ship to the Ha- waii-Guam trade, and the retirement of several older ships.

The very satisfactory results in

Seatrain's charter operations will im- prove still further, the company spokesman said. Beginning this sum- mer, as several tankers complete cur- rent voyages and start new long-term charters at substantially higher rates, the company's charter segment will contribute increasingly to revenues and earnings through 1973.

PFEL Elects Meeske

VP-South Pacific

William F. Meeske has been elected vice president-South Paci- fic territory for the Pacific Far

East Line, Inc., San Francisco,

Calif., it was announced by PFEL president Leo C. Ross.

A native Californian, Mr. Meeske will have responsibility for PFEL freight and passenger operations throughout the South Pacific, and will work from offices in Sydney,

Australia. Previously, he was vice president in charge of Matson

Navigation Company's South Pa- cific operations, and had been with

Matson since 1939.

In his new position with PFEL,

Mr. Meeske will have responsibili- ty for the South Pacific operations of the passenger liners S/S Mari- posa and S/S Monterey, as well as freighter vessels which ply the trade route.

Mr. Meeske is a graduate of the

University of California and com- pleted postgraduate work at Co- lumbia University Graduate School of Business.

Scottish Yard Launches 16,000 Hp Tugboat

The most powerful tug ever built for a British owner has been launch- ed at Leith, Scotland, by the Robb

Caledon shipyard,

The 16,000 horsepower tugboat, named Lloydsman, is capable of tow- ing a 300,000 deadweight ton oil tanker at a speed of seven knots, the builders claim.

The Lloydsman was built at a cost of $2.4 million for the United Tow- ing Co., Hull, England. She will be the company's new flagship.

MARINE MOISTURE

CONTROL CO., INC.

Seatrain Lines Reports

Increase In Revenues

Revenues of Seatrain Lines, Inc. for the six months ended December 31, 1970, rose 68 percent to $76,- 617,000 from $45,619,000 in the first half of fiscal 1970.

Because of continued start-up problems and accelerating longshore costs in Seatrain's new North Atlan- tic containership trade, earnings from operations declined to $6,532,000, or $.48 per share, from $8,418,000, or $.62 per share, in the comparable pe- riod a year earlier. An extraordinary charge of $437,000 on the sale of vessels trimmed $.03 per share from the six-month earnings in the current year.

Seatrain president Howard M.

Pack said that the container divi- sion's move from Edgewater, N.J., into new headquarters at Port Sea- train in Weehawken, and a slight increase in North Atlantic container rates beginning in January, were "fi- nally beginning to produce some im- provement in the company's con- tainership segment." He noted that

Seatrain vessels have been running at a high percent of capacity in all container trades this year. Based upon a competitor's application for a substantial increase in rates in the

Hawaii trade, and Seatrain's expected

BILGE ALARM

VAPOR DETECTOR

HI & LO LEVEL ALARM

SLOP TANK SYSTEM • DAY TANK

CONTAMINATED RETURN SYSTEMS

LOW F.O. SUCTION WATER DETECTION

FOREIGN MATTER IN FLUID FLOW

TANK LOADING AND DISCHARGE

STATIC AND DYNAMIC INTERFACE

CRYOGENIC AND HIGH

TEMPERATURE

SERVICE

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LOCKHEED

SHIPBUILDING AND

CONSTRUCTION COMPANY 2929 16th AVE. S.W., SEATTLE, WASH. 98134

PHONE 206-623-2072 . CABLE L0CKSHIP

NEW YORK REPRESENTATIVE: James R. Porter 17 Battery Place, New York, N Y. 10004 • Phone 212-943-8795 hook aSS*"* 10 - Yjatch >s®srenWd sSsfiSSs^ visual